Bertelsmann to launch a German America Online

Published on August 25, 1995.

An outgrowth of their alliance formed last March, Bertelsmann AG, an $11 billion global media company, is building on America Online in Germany to create a German online service by the end of this year. The conglomerate predicts the service, expanding next year to France and the U.K., will have 1 million subscribers by 2000. Each of the companies has invested $100 million in the joint venture, which eventually plans to offer digital multimedia services throughout Europe.